Permitted Exceptions. The Permitted Exceptions do not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the manner provided for therein or (2) the use of the Property for the use currently being made thereof, the operation of the Property as currently being operated or the value of the Property.
Appears in 6 contracts
Samples: And Security Agreement (Gladstone Commercial Corp), Rents and Security Agreement (Gladstone Commercial Corp), And Security Agreement (Gladstone Commercial Corp)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Trust Property for the use currently being made thereof, the operation of the Trust Property as currently being operated or the value of the Trust Property.
Appears in 3 contracts
Samples: Waiver and Agreement (Maguire Properties Inc), Cash Management Agreement (Maguire Properties Inc), Cash Management Agreement (Maguire Properties Inc)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note Notes in the manner provided for therein a timely manner; or (2) the current use of the Property for the use currently being made thereofProperty, the current operation of the Property as currently being operated or the value of the Property.
Appears in 3 contracts
Samples: Debt and Security Agreement (Sun Communities Inc), Secure Debt and Security Agreement (Sun Communities Inc), Sun Communities Inc
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Security Property for the use currently being made thereof, the operation of the Security Property as currently being operated or the value of the Security Property.
Appears in 3 contracts
Samples: Mortgage, Security Agreement and Fixture Financing Statement (Prime Group Realty Trust), Mortgage, Security Agreement and Fixture Financing Statement (Prime Group Realty Trust), Mortgage, Security Agreement and Fixture Financing Statement (Prime Group Realty Trust)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note Note, in the a timely manner provided for therein or (2) the use of the Trust Property for the use currently being made thereof, the operation of the Trust Property as currently being operated or the value of the Trust Property.
Appears in 2 contracts
Samples: Security Agreement and Fixture Filing (MPG Office Trust, Inc.), Waiver and Agreement (Maguire Properties Inc)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the applicable Property for the use currently being made thereof, the operation of the applicable Property as currently being operated or the value of the Propertyapplicable Property other than as reflected in the appraisals of the Properties.
Appears in 2 contracts
Samples: Loan Agreement (Catellus Development Corp), Loan Agreement (Catellus Development Corp)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower Grantor to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Property for the use currently being made thereof, the operation of the Property as currently being operated or the value of the Property.
Appears in 2 contracts
Samples: Security Agreement and Fixture Filing (Cornerstone Growth & Income REIT, Inc.), Deed of Trust and Security Agreement (Inland Diversified Real Estate Trust, Inc.)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Property for the use currently being made thereof, the operation of the Property as currently being operated or the value of the Property.
Appears in 2 contracts
Samples: And Security Agreement (Gsi Commerce Inc), Security Agreement and Fixture Filing (Cornerstone Core Properties REIT, Inc.)
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Property for the use currently being made thereof, the operation of the Property as currently being operated or the value of the Property.
Appears in 1 contract
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1) the ability of the Borrower Mortgagor to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Mortgaged Property for the use currently being made thereof, the operation of the Mortgaged Property as currently being operated or the value of the Mortgaged Property.
Appears in 1 contract
Permitted Exceptions. The Permitted Exceptions do not and will not materially and adversely affect (1a) the ability of the Borrower any Obligor to pay in full the principal and interest on the Note Notes in the a timely manner provided for therein or (2b) the use of the Mortgaged Property for the use currently being made thereof, the operation of the Mortgaged Property as currently being operated or the value of the Mortgaged Property.
Appears in 1 contract
Permitted Exceptions. The Permitted Exceptions do not and will -------------------- not materially and adversely affect (1) the ability of the Borrower Mortgagor to pay in full the principal and interest on the Note in the a timely manner provided for therein or (2) the use of the Mortgaged Property for the use currently being made thereof, the operation of the Mortgaged Property as currently being operated or the value of the Mortgaged Property.
Appears in 1 contract
Samples: And Security Agreement (Wellington Properties Trust)
